Last week the Commodity Futures Trading Commission (“CFTC”) approved the issuance of a Proposed Amendment to a July 14, 2011, Temporary Exemptive Relief Order (the “July 14 Order”) that grants market participants temporary exemptive relief from certain provisions of the Commodity Exchange Act (“CEA”) that otherwise would have taken effect on July 16, 2011, the general effective date of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). The Proposed Amendment would extend the latest expiration date of the July 14 Order from December 31, 2011, to July 16, 2012, and would add provisions to account for the repeal and replacement of Part 35 of the CFTC’s regulations on December 31.

The Federal Register version of the Proposed Amendment is available here. Comments may be submitted in response to the Proposed Amendment via the CFTC’s website, www.cftc.gov, until November 25, 2011.